The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Agree. Allowing people to pay mortgages on the drip is not good for banks. Courts tend to side with the smaller party. Banks are also under massive scrutiny. They really need to have all their ducks in a row.
Did you see this in today's Irish Times?
Debt ruling allows Waterford man pay €93 mortgage per month
Net of article seems to be that courts are going to inflict more pain on banks
From RTÉ- The Competition and Consumer Protection Commission (CCPC) is to carry out a more in-depth probe of Bank of Ireland's plan to buy KBC Bank Ireland’s performing loans and liabilities.
There is always some bloody thing…..
I was fortunate to do work for the CEO recently and she comes across as a very impressive professional lady - glad to have my money on her!
This is a long term hold for me as hopefully dividends are restored and give me a better return than on deposit. I too think that the bank is settling itself up nicely as inflation kicks in and interest rates creep up slowly.
I've no concerns with this stock. The bank is now very well run by a level headed smart CEO. All those B&M branches have been gotten rid of without a major backlash. Staffing numbers have been reduced significantly. They are part of a duopoly with AIB. The slow pace of the Government disposal is annoying, if they were anyway clever they would hold onto their 10% but we know they are not.
The untold story of covid is that Banks like BOI are reaping in the profits, and contrary to initial thinking that they could see a lot of commercial loan defaults, this has not materialised.
With Interest rates rising they are setup for a decade of nice profits in a booming Irish economy with very little competition coming in against them.
The share price of €5 is cheap. I can see this above €10 within 24 months as they are either going to have to start a share buyback or pay-out the dividends again.
Thanks Awfulman for some content.
My average is a lot higher than your €2.60 but am comfortably in profit after a roller coaster 2.5 years of stress.
I do believe this share will be close to €7.00 by mid summer 2022 provided we continue on the current path and the FY21 results are in line with what they reported in August for H1. Interest rate uptick would also be beneficial of course.
The big issue is slow and continued disposal of the states holding. It would be great if some of these could be sold off market.
On another note Davy had an article this morning ''Irish Banks - Getting Better'', if anyone has access to this or can share the gist it would be appreciated. Good luck to all on this board.
I've tried and failed also to get a coherent conversation about this stock going,
I'm a holder for 2-3 years with aver price of about 2.60, only cause I doubled down in when covid plummeted the SP. IT was grossly undervalued then and I still think its undervalued now.
The macro environment are good very good at the moment or soon to be Good IMO
Interest rates can only get better for the banks,
GFC bad loans are starting to clear of the loan book more and more
Massive housing builds going on in the country will require new mortgages
Less competitors on in the Irish market
Maggi Mc has been ruthless enough cutting costs and leaning out the business
All the above leave the bank primed to become more profitable in the future IMO
Some risks,
Covid killing business's
Although Lots of people were burned by BOI and other Irish banks and there is definitely a large lack of good will towards the Banks in Ireland.
Gov selling share will prob keep price down in the short term.
But in my view the bank SP could easily double over the next 10 years. Giving a 10% return each year which is a solid investment with lower levels of risk in my opinion.
Be interested to hear other views also
Just all do this. Filtering now. Just continue to talk about this and form our own little private club
JohnHume wm2020 and cooking if ye do the same it will mean we can chat amongst ourselves and the other person with the triple personality can chat to him or herself ;-)
Thanks Dublinroy and Howth. Maybe Torquay will come back now :-)
So what are your thought on this share?
With you lad. all 3 filtered now.
Also hoping for real discussion supported by thought out theories.
Nobody is right all the time. I do pay attention to thoughts that are supported rather than just BS ****ted out.
Thank you for letting us know fatboy. I hope you have a good weekend. To all the charming fellow board members here it's been another blast. It's a wrap for this week but keep smiling you lot
Regarding this mornings hasty sales je n'ai regret rien. This afternoon i let away the 2k tranche bought 3 weeks ago at 5.03. They are now gone at 5.26. Profit 460 gross, 380 ish net. GLA
Let's form a secret club so that they cannot contact us. We can use coded wording and disguise to communicate. If we all stick together we can find a way
Well done Fatboy. I am sure I speak for the friendly and may i add inclusive colleagues here when I say any profit no matter how small is a result.
While waiting for a return to the sunny uplands of 5.40. .I dipped my toe in below 5.0
Thankfully those purchases are now gone.
500 bought @4.95. away @ 5.19
1000 bought @4.93 away @5.19
Nett profit 270 euro, wolf door etc
Let's set up our own little group just between a few of us
Filtered
Filtered.
Guys yet again I implore you to just filter SH/PC/FBS as I have. Unfortunately still I'm only seeing posts commenting on their posts and of no interest to me. Please filter them and we can all chat between ourselves properly. Thanks in advance and I look forward to some insightful discussions.
'Their' bull**** you mean. Thank you for your continued engagement my friends.
I'm concerned that SH/PC/FBS is going to continue posting his bull***t on this board.....
Somebody's talking to the w all